gold, page-25253

http://www.*****.com/commentaries/2017-02-24/Why-You-Should-Care-About-The-Debt-Ceiling.html

Rising Deficits Are Bullish For Gold
At the end of the day rising debt levels degrades the value of the U.S. currency. This compares to the intrinsic value of the gold with no counterparty risk. Here is what Alan Greenspan, Chairman of the Federal Reserve from 1987 to 2006, said in the February 2017 issue of the Gold Investor:
"I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature…No one refuses gold as payment to discharge an obligation."
The former Fed chair added: "Credit instruments and fiat currency depend on the credit worthiness of a counterparty…Gold, along with silver, is one of the only currencies that has an intrinsic value. It has always been that way. No one questions its value."

As governments ultimately devalue their currency's purchasing power by taking on greater amounts of debt, gold is an investment that retains its value and is not vulnerable to the whims of a government printing press, or rising debt levels.